Rahul Singh, Head of Equity Research of Standard Chartered Securities told CNBC-TV18, “We don’t think we are out of the woods in terms of the non performing loans (NPL) cycle for the PSU banks. We saw it in the numbers which have come out so far from the PSU banks. The private sector banks have been the other extreme.”
He further said, “We would stay with the private sector banks clearly as a preferred pick even to play a recovery in the economy which could be back-ended. But even if the recovery does not happen, the private sector banks are managing the growth versus risk environment much better than the public sector banks.”Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
